New York Post - It will be a good year for investment banking bonuses

Pot Of Gold

Big bonuses are back on Wall Street — but not for everybody.

The New York Post reports that investment bankers and wealth managers can expect 9- to 10% pay bumps this year, while most other financial workers are probably going to see their total compensation shrink from 2016, according to a report from headhunter Options Group.

“Investment bankers are probably going to have a better bonus season than their sales and trading peers,” said Michael Karp, Options’ chief executive. Still, “superstars are going to get paid well,” he added.

The report, which the company releases annually, gives a fuller view into Wall Street’s pay estimates than were released last month by New York City Comptroller Thomas P. DiNapoli.

Hit the link below to access the complete New York Post article:

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